Concerns over CSA’s ‘regulatory sandbox’

In a historic move, Toronto-based TokenFunder Inc. has been granted an offering memorandum prospectus exemption from the Ontario Securities Commission to launch an initial coin offering (ICO).

Earlier this year, Quebec’s Autorité des marchés financiers (AMF), as the principal regulator, along with the OSC, exempted Montreal-based Impak Finance Inc. from dealer registration and prospectus requirements with respect to that firm’s offering of cryptocurrency tokens.

Conrad Druzeta, Bennett Jones LLP“I’m excited to see the first prospectus-based public offering of a cryptocurrency. That will be a game changer...